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Iran War Revives Spectre of Energy Crisis in Europe

US and Israeli strikes on Iran and Iran's retaliations have halted LNG production and damaged key facilities, pushing global oil and gas prices higher, experts warn.

Summary by Euronews
The European Union is staring down the prospect of a new energy crisis as the United States and Israel wage war on Iran, rattling gas markets.
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Swiss stock exchange recovers from yesterday's sale. However, the nervousness remains high. If the war lasts longer, energy prices could continue to rise.

·Zürich, Switzerland
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Iran crisis threatens to raise power prices in Europe, problems for industry - ReutersThe ongoing crisis in Iran, which has halted energy supplies and LNG production in Qatar, threatens to raise power prices in Europe. This will weaken the competitiveness of the industry, says Statkraft CEO.

·Kyiv, Ukraine
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alltoc.com broke the news in on Wednesday, March 4, 2026.
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